Surfactants Market Size, Application Analysis and Forecasts, 2015 to 2025
by Susan Hill Business Consultant7
September 2018, The global Surfactants
Market is
expected to witness steady growth over the coming years. Surfactants are
popularly employed in the manufacturing of personal care products, which
include laundry detergents, soaps, facial cleansers, and shower gels. Rise in
living standards and increasing consumer awareness have spurred the personal
care industry.
They
are also used in the production of fabric detergents as well as those used for
dishwashing. They also find industrial applications in the form of hard surface
cleaners. Surfactant agents are mostly readily soluble in water and have good
foaming properties. These superior characteristics make them effective cleaning
agents, which is expected to drive the global market.
Growing
focus on personal hygiene has resulted in increased demand for several personal
care products as well as laundry detergents on a daily basis. Increase in
adoption of washing machines across Asia Pacific, mainly China and India, has
significantly contributed toward regional growth and the trend is expected to
continue in future.
For
the longest time, silicone oil or linear alkyl benzene were the primary
surfactants used across several industries. However, concerns over the impact
of these products on the environment, in the form of harmful waste generation
and noxious chemical release, restrained their usage. Rising consumer awareness
regard Production of biosurfactants as a more sustainable and
environment-friendly alternative is gaining speed as they are greener in nature
and do not lead to undesirable byproducts such as ethylene oxide and nitrogen.
These products are expected to drive the global surfactant market over the
forecast period.
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Biosurfactants
have majorly found applications in the crude oil extraction industry. They are
used to remove petroleum from polluted sites and to improve oil production by
microbial enhanced oil recovery method (MEOR). The European Chemicals Agency
looks after the evaluation and authorization of chemicals.
Strict
government regulations act as a barrier to overall market growth. Local
governing bodies are imposing strict laws to safeguard the environment and
organizations face the challenge of modifying their production line to meet
these rules and regulations.
The
production of green cleansing agents is rather costly and therefore, market for
the same is not as lucrative in low-income countries. On the other hand,
growing usage of eco-friendly products means the market for synthetic variants
is likely to take a hit. Research is on to develop synthetic cleaning agents
with biodegradable properties. This is sure to provide several opportunities to
the market.
Based
on chemical composition, surfactants can be cationic, anionic, nonionic, and
amphoteric. Anionic agents such as linear alkyl benzene are most widely used.
Nonionic agents are expected to witness slow growth on account of easy
availability of substitutes.
Key
applications of surfactants include personal care, industrial cleaners,
household detergents, and agricultural chemicals.
Regionally,
Asia Pacific is one of the leading markets and this trend is expected to
continue in future. China has reported the highest product demand in the past,
followed by Japan. Both countries, in addition to India, are projected to offer
tremendous growth opportunities owing to increase in disposable income and
improving consumer lifestyle. Cleaning agents used in manufacturing units are
also expected to positively influence the overall industry in the region.
Demand
in North America, U.K., and South America is mainly owing to high usage in
personal care. Strict government regulations and increasing consumer awareness
have contributed to the green products market in these regions. Africa is
expected to exhibit relatively slower growth over the forecast period on
account of low disposable incomes and availability and usage of cheaper
alternatives.
Key
players in the global surfactants market include DuPont, Dow Chemicals Company,
Shanghai Fine Chemicals, Henkel, BASF, and LG Household & Health Care.
Other prominent vendors include Croda, Huntsman, Clariant, Fenchem, and
SpechChem. Major customers in the market are mainly FMCG manufacturers. They
include Unilever, P&G, JohnsonDiversey, Ecolab, and Reckitt Benckiser.
Manufacturers try to establish long-lasting relationships with these major
players to help them achieve economies of scale. Manufacturers have been
observed undertaking several strategies such as innovation and expansion to
optimize costs.
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Created on Sep 7th 2018 07:48. Viewed 371 times.